CEGEDIM Public company with share capital of 13,336,506.43 euros Trade and Commercial Register: Nanterre B 350 422 622 www.cegedim.com
PRESS RELEASE
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Transaction strengthens Cegedim Cloud Practice Management position in the United States
Boulogne-Billancourt, October 6, 2015 - Cegedim, an innovative technology and services company, today announced the signature of an agreement for the acquisition of the US based Practice Management business of Nightingale Informatix Corporation by its US subsidiary Pulse System, Inc. The acquisition includes the assets of Nightingale's Medrium, Ridgemark, Secure Connect and Northern Health Products.
Jeff Burton, the Pulse Systems President and CEO stated that 'We are excited about this acquisition and the strength of the healthcare IT professionals that will be joining the Pulse team upon closing along with the clients that they serve'.
Following the closing, the Pulse focus with its new US clients will be to upgrade and advance each medical organization into the growing Pulse offering of state-of-the-art technology and service solutions. These solutions enable each medical organization to leverage the power and simplicity of Pulse's suite of fully- integrated proprietary products offered in both client server and cloud environments.
The acquired activities generated annual revenue of around €3.3 million. This acquisition will contribute to Cegedim's consolidated results starting in Q4 2015. The deal was financed with internal financing.
About Pulse | Pulse provides certified, integrated, electronic healthcare management systems to thousands of providers across more than 40 specialties nationwide. Pulse's award-winning, interoperable technology platform includes easy-to- use, cost-efficient Complete EHR, Practice Management, e-prescribing, Billing and Collections, and other Revenue Cycle Management solutions. Pulse is committed to helping our physician partners gain greater workflow efficiencies, reduce costs and achieve Meaningful Use incentives - all supported by our best-in-class client support, training and implementation services. Pulse is part of the Cegedim Healthcare Software division, owned and operated by Cegedim, a global healthcare technology company. To learn more or to request a demonstration of Pulse's solutions, please visit us at www.pulseinc.com or call 1.800.444.088 | ||
About Cegedim: | Founded in 1969, Cegedim is an innovative technology and services company in the field of digital data flow management for healthcare ecosystems and B2B, and a business software publisher for healthcare and insurance professionals. Cegedim employs almost 3,500 people in 11 countries and generated revenue of €494 million in 2014. Cegedim SA is listed in Paris (EURONEXT: CGM). To learn more, please visit: www.cegedim.com And follow Cegedim on Twitter: @CegedimGroup | ||
Contacts: | Aude BALLEYDIER Cegedim Media Relations Tel: +33 (0)1 49 09 68 81 aude.balleydier@cegedim.fr | Jan Eryk UMIASTOWSKI Cegedim Chief investment Officer Investor Relations Tel.: +33 (0)1 49 09 33 36 investor.relations@cegedim.fr | Guillaume DE CHAMISSO PRPA Agency Media Relations Tel: +33 (0)1 46 99 69 69 guillaume.dechamisso@prpa.fr |
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